If you have recently applied to withdraw or transfer your Employees’ Provident Fund (EPF), you will come across various status updates indicating where your claim currently stands. Two common statuses that often confuse claimants are “Under Process” and “Settled.” Knowing the difference between these can help you understand the progress of your PF claim and what to expect next.
What Does “Under Process” Mean?
When your PF claim status shows “Under Process,” it means your application is actively being reviewed by the Employees’ Provident Fund Organisation (EPFO). During this phase, all your claim details and supporting documents are being verified to ensure they meet the required criteria. This stage confirms that your claim has been received and is currently going through the necessary checks before approval. However, at this point, the payment has not been initiated yet. The “Under Process” status can last for several days, sometimes longer if additional verification or clarifications are needed.
What Does “Settled” Mean?
Once your claim status switches to “Settled,” it indicates that EPFO has approved your claim and the funds have been released to your bank account. This status signals the successful completion of the claim process. Typically, after the status changes to “Settled,” the credited amount will reflect in your bank account shortly. At this stage, no further action is required from your side unless you face any issues receiving the amount.
Why is Knowing the Status Important?
The PF claim status helps you track where your withdrawal or transfer request stands so that you can plan your finances accordingly. If your claim remains “Under Process” for an unusually long time, it might be worth checking if there are any discrepancies in your submitted documents or bank details. In such cases, reaching out to EPFO support or your employer’s HR department can help resolve delays.
